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, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did tha
in his second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jam
afford to buy at one time, we are all treated the same way by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends o
, then that voting bloc isn't going to listen to you on education, on taxes, on any of this stuff. that's what's going on. >> so that's the issue. >> what do democrats get out of it? why are they pushing it? >> hispanics have been demanding something on this, and at some point -- >> but do they want the teeth, the tough requirements of worker verification? do they want the tough part of the bill? >> i think -- yes, because if you actually go to places like arizona and new mexico, and i have seen surveys of hispanic-americans, hispanic-american citizens who say second, third, fourth generation, saying i did it legally. these folks should have to do it legally. i think that there is a -- >> i just don't hear that from the latino groups. >> no, they -- >> i don't hear the interest groups pushing for real teeth. let's take a look at the president today. >> the interest groups aren't. i'm talking about rank and file hispanic-americans. >> that's positive. let's look at what he had to say. he came out for what he calls comprehensive immigration reform. it was at a speech in las vegas. he said the bi
reform the entitlement programs, put tax reform in place, go through regular order in the finance committee as the chairman and others called for, to ensure we can get this under control. it's a commonsense proposal. we did it two years ago. most democrats and most republicans here on the floor supported it in the past. democrats in the house have also supported it, about 95 of them. it's a dollar-for-dollar reduction over ten years as we raise the debt limit. for folks who are wondering today -- the presiding officer: the senator's time has expired. mr. portman: thank you, madam chair. a senator: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, january 23, i think it was a wednesday, something marvelous happened. what was that? the house, on a strong bipartisan basis, passed a bill which would raise the debt limit, extend the debt limit to may 18. bipartisan. speaker boehner is to be commended. this town is criticized for its lack of working together, it's too partisan. speaker boehner found a solution to help us relieve the pressure
a background check and pay a fine and back taxes before gaining legal status in the united states. all that is contingent on securing borders. the proposal provides for increased use of drones, more personnel and improved infrastructure and it would create an employment verification system and improve the process for admitting needed workers. cnn chief congressional correspondent dana bash and cnn chief white house correspondent jessica yellin are working the story. dana, the tone was pretty optimistic up on capitol hill today. >> it sure was but, you know, we have seen this movie before, you and i, wolf, and a lot of other people watching this issue go kind of up and down with the partisan wins. but this is something that is different this time. because of something very simple. and that is what happened in the last election to republicans. particularly mitt romney with the latino voters. he lost big time. and that's why when i asked senator mccain and others who were standing right here where i'm standing, half a dozen years ago, why this is different, that's why they answered that w
-class families, of which could then go to educating their kids or building up their savings. tax reform, that is also important for conservatives and republicans. host: a question from our viewer -- guest: tom cotten, the congressman from arkansas, a friend of mine. he went to harvard, which i went to, so i'm biased. he went to harvard law school, which i don't hold against him. he volunteered for the army in 2004, served as an officer in iraq and afghanistan, work for is that business a while, had a close primary against an aggressive womaperson. but he won. there he is, a first term congressman in the house. he will be able to weigh in on the chuck hagel nomination. he has spoken eloquently on that. he is a real rising star in the house. he is already respected by his peers. he was involved with the speaker, paul ryan, and others, in trying to devise a tactical maneuver to get the debt ceiling moved back and to able to deal with sequester. he will have a tough decision in a few months. there's pressure on him in arkansas to run for senate in 2014 against price yoryor, a vulnerable dem
are unnecessary. >> they don't hit the elites, they don't hit the criminal. they hit the average hard-working tax-paying american. >> most republicans on the committee agree. >> i have a hard time telling my constituents in texas that congress is looking at passing a whole new raft of laws when the laws currently on the books are so woefully unenforced. >> the hearing touched on many measures congress is considering including strengthening background checks for gun buyers, lilting high capacity magazines and limitibanning ass weapons. even for some like patrick leahy -- >> americans have the right to self-defense, to have guns in their homes to protect their families. no one can take away those rights or their guns. >> as the hearing was going on, senators learned of a shooting in giffords' home state of arizona, one dead twoond wounded in phoenix. and illinois senator dick durbin told the story of another victim. this 15-year-old hadiya pendleton who performed at the inauguration. >> a gunman shot her dead in just a matter of days after the happiest day of her life. she's gone. >> one thing this
continuing his campaign for extending tax cuts, um, for everyone but the wealthy top brackets, and so we had a fiscal cliff debate and fight on capitol hill where american taxpayers across the country paying their holiday bills were anxiously waiting to see what congress would do, and ultimately everyone but the top earners saw their tax cuts restored. and we went right into a debate about gun control and immigration reform. so it's true that the president has not talked about growth or the economy in a very long time. given this new data, though, and given the fact that we saw an anticipation of these sequestered cuts that the congress passed a long time ago and have the opportunity to undo but haven't yet and are set to go into effect on march 1, in anticipation of those cuts that really hit at defense spending we saw a big shrink in defense jobs, and that is going to continue, um, when we see the sequester go into effect in march. and it's going to hit domestic programs as well. combined that will be, produce a considerable dent to consumer demand. and as we get into a couple months down
is in washington, d.c. is your way or the highway. i mean the republicans won't touch taxes and the democrats -- >> but that is to the true. we just touched taxes. the sequestration is touching the fence. at some point it's great rhetoric, but it's not reality. >> also discretionary spending is at its lowest since 1953 and under this president we have addressed spending cuts. >> no, we have touched -- >> let's talk about -- >> we've touched discretionary because mandatory, medicare, medicaid, veterans' benefits are where the explosion is. >> aging population. >> the administration, the president particularly has gone to the table for a grand bargain several times and seems that much of the republican caucus in the house has not accepted some of the sacred cows that the administration has put on the table. the president talks about this in the interview in detail. >> i come back to the rule of life. a dollar spent on "a," cannot be spent on "b." you wonder why discretionary spending is so low, because nondiscretionary spending is crowding out the marine corps, scientific -- we'll be in an assi
tax nbc's kevin tibbles starts us off from there tonight. good evening. >> brian, 2013 is barely a month old and already 42 murders in the city of chicago. the latest has galvanized this city into taking action. >> no one gets a pass. >> reporter: today, chicago city officials went on the offensive. taking aim at gun violence by calling for background checks on gun buyers. >> loss of any child, in any community, in this city, is a loss to the entire city. >> reporter: moving 200 more officers from behind their desks to the streets. >> if i have to put a policeman here, 24 hours a day, 7 days a week, 365, we're going to make a point that this territory belongs to the community. >> i'm hadiya, year 2015. >> reporter: the victims have names and families. 15-year-old honor student, hadiya pendelton, has become the latest face of violence in this city. in sixth grade, she took part in an anti gang video. >> your job is to say no to gangs and yes to a great future. >> reporter: despite by laws that prohibit gunshots within city limits, more than any other city in america, chicago appea
because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four years. real income has dropped for middle-class americans. the poverty rate's gone up. one in four americans are on food stamps. you talk about two americas. john edwards is right. >> incomes. >> over the past
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that in our tax code. our tax code is so complicated because there are so many giveaways to the special interest groups or the well-connected that don't privilege americans that work hard and try to put food on the table. >> i have often wondered and explored this if people have an appetite for limited government? americans in general, the government keeps getting bigger. we struggle to obtain the a slower right of growth, which is a great vibtry in a way it is. have you found an appetite for limited government? or limited government for others and not for themselves? >> i believe so. i said often times in the campaign trail that the constitution is very popular and big government is not popular. that is where we should anchor our program and policies. you saw this in the president's speech on monday even though it was a very liberal speech. he didn't call for big government. >> the inaugural address? >> yeah, the inaugural address. that's because he knows what bill clinton knew in 1996, that big government is over. so i do think -- >> the era is over. >> yeah. again, if political leade
, by the way, pay unemployment insurance and before they got unemployed paid the taxes that support food stamps, has been widely accepted in this society, including by ronald reagan. i have no idea why this guy, cuccinelli, would want to borrow one of the worst lines ever uttered in american presidential politics and put it out there as he's starting to run for governor of virginia. he needs to get support in northern virginia. this is going to hurt him there. he's going to have a very tough race against terry mcauliffe, and he may actually break the streak that's been going on for decades that whoever wins the presidency, their party loses the governorship of virginia the next time. michael steele months ago i think on this program with me said the 47% line was a disaster. i don't know why anybody would repeat it. >> let me ask you this, it comes down to numbers. everybody knows there's some people are who cheating, some who aren't looking for a job. do you build a whole philosophy about maybe 5% of the people on welfare are just taking it easy or the republican notion 90% of the people on wel
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the tax credit that exists for consumers. it is important to keep a variety of options available for consumers. if we are going to meet the 2025 standards of 52.5 miles per gallon, it is going to take not just more hybrid vehicles, but it will also take continued improvement in the efficiency of the internal combustion engine, and companies are focused on that. when you walk around the auto show, they will have exhibits that show some of the things they're doing that make the traditional gasoline-powered engine even more efficient and increase gas mileage. host: next call from matt blunt, president of the american automotive policy council -- dug in syracuse, new york. caller: good morning. mr. blunt, i wonder if you could explain to the american taxpayer and consumer why the taxpayer bailout should not be totally paid back by the government, to the government, by the big three auto makers. guest: you know, the government has an ownership stake in general motors today. they have worked with the government, a general motors and the government have come to an agreement about the re
Search Results 0 to 33 of about 34 (some duplicates have been removed)